165 20th St - Apartments FOR SALE


San Diego, CA 92102- Sherman Heights
$2,000,000 USD
619-550-4343
165 20th St, San Diego, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/30
null | 3.82% Cap Rate

165 20th St
San Diego, CA 92102
Sherman Heights


HIGHLIGHTS

  • (5) off-street garages, (5) smaller storage units, gated courtyard, on-site laundry, and various interior and exterior improvements
  • Potential to convert garages to 1 or more ADUs
  • Roughly 43% income upside current to market. All tenants are month-month.
  • Corner parcel comprised of (2) 2-story buildings. Excellent curb appeal. Select upper units have bay/bridge and/or downtown views.
  • Separate water meters and water heaters for all units - tenants pay all utilities.
  • Vibrant and developing Sherman Heights neighborhood in the path of progress.

OVERVIEW

PRICE REDUCED $100K! Bring all offers. Well-maintained 7-unit value-add multifamily property in the heart of Sherman Heights, one of San Diego’s most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2-bed/1-bath units, (3) 1-bed/1-bath units, (5) large 1-car garages, (5) storage units, gated courtyard, on-site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units - tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 3–4 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month-to-month tenants in place, there's an estimated 43% income upside, and the units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$502 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,714

CAP RATE

3.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RX-1-1

APN/PARCEL ID

535-424-01

ASK ABOUT THIS PROPERTY

Kenneth HerskindTop Gun CREMore Info
619-550-4343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kenneth HerskindTop Gun CREMore Info
619-550-4343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.